600 Legrand StShelbyNC28150
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Shelby at 600 Legrand St, Shelby, NC, 28150 offers $2,158/mo rent that, after a $1,150/mo payment, leaves $726/mo cash flow. Total monthly income is $2,158/mo, and annual cash flow is $8,712/yr on $77,903 cash. Return on cash invested measures 31.09% in year one, and rental yield stands at 11.02% at a $235,000 entry. Equity gained on principal adds $1,516/yr while 5% annual appreciation compounds into $64,926 by year five. Five-year ROI records 162.69% and total cumulative return in cash reaches $126,736. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,158/mo property income versus a $1,150/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28150, Shelby, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,246 (100%) |
| Owner Occupied HU | 7,826 (59.1%) |
| Renter Occupied HU | 4,275 (32.3%) |
| Vacant Housing Units | 1,145 ( 8.6%) |
| Median Home Value | $268,013 |
| Average Home Value | $335,622 |
Housing Distribution
Address Breakdown
Residential
12,547
Single Family
12,328
Multi-Family
219
Businesses
953
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Listed by: Vickie Spurling • Vickie Spurling Realty Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4328714